Settlement Guarantee Fund definition

Settlement Guarantee Fund means a fund established and maintained in accordance with the relevant provisions of Bye-Laws, Rules and Regulations.

Settlement Guarantee Fund means a fund established and maintained in accordance with the relevant provisions of Bye-Laws,

Settlement Guarantee Fund means a fund established by a clearing and settlement agency in accordance with paragraph (e) of subsection (1) of section twenty-three;

Examples of Settlement Guarantee Fund in a sentence

Security deposit, whether initial deposit and additional deposit, paid by the Members shall constitute a part of the Settlement Guarantee Fund (SGF).
The settlement guarantee of the Exchange is confined only to the extent of settlement liability in terms of daily funds pay-in and pay-out up to the extent of funds available in the Settlement Guarantee Fund, subject to force majeure.
Initial Security deposit shall be invested as per the investment guidelines of Hon’ble Commission for Settlement Guarantee Fund (SGF) and 70% of the return earned on the initial Security Deposit so invested in a year shall be paid to the Members in proportion to the amount deposited by the Members as initial deposit and duration for which deposit was held with the Exchange, within 45 days after the last date of the financial year.
The Clearing Corporation has renewed the special contingency insurance cover for risks arising out of default of clearing member resulting in pecuniary loss to the Settlement Guarantee Fund.
In the event a Member fails to meet its obligations to Clearing Corporation as provided for in Bye- Laws, Rules and Regulations, Clearing Corporation may utilize the balances in Settlement Guarantee Fund / Collaterals and other monies due to such member from Clearing Corporation to meet such obligations.

More Definitions of Settlement Guarantee Fund

Settlement Guarantee Fund or “SGF” means a fund maintained by the Gas Exchange or Clearing Corporation to be used for settlement of defaults of its members as specified in the default remedy mechanism of Gas Exchange or Clearing Corporation and may comprise of any sources of funds as may be determined by the Gas Exchange or Clearing Corporation from time to time;

Settlement Guarantee Fund means any such fund as may be established by a central securities depository under section 129.

Settlement Guarantee Fund means the Calcutta Stock Exchange Settlement Guarantee Fund established and maintained in accordance with the provisions of these Bye-laws for the purpose of guaranteeing trades and transactions in securities by active trading member on C- STAR System in Calcutta Stock Exchange and/or through any other manner permitted by Securities Exchange Board of India (SEBI). It includes the corpus and all other donations, contributions, levies, charges and incomes and properties of SGF to guarantee settlement of deals between the trading members of the Stock Exchange. Subject to the other provisions of the Rules, Bye-Laws and Regulations of the Stock Exchange, the objects of the Fund shall be to guarantee, in accordance with the Rules, Bye-laws and Regulations of the Stock Exchange, the settlement of bonafide transactions of trading members of the Stock Exchange inter-se which form part of the Stock Exchange’s settlement system so as to endeavor to ensure timely completion of Settlements on the Stock Exchange and thereby protect the interest of the investors on the Stock Exchange and the trading members of the Stock Exchange and thereby also inculcate confidence in the minds of investors regarding the expeditious completion of settlements on the Stock Exchange and support the development of the stock market.

Settlement Guarantee Fund means a fund established and maintained in accordance with the relevant provisions of the Bye Laws in respect of the CD Segment.

Settlement Guarantee Fund means any such fund as may be established by a

Settlement Guarantee Fund means a fund established in accordance with these Rules for the purpose of using in case of failure of obligations and dues relevant to clearing and settlement of securities transactions.

Settlement Guarantee Fund means a Fund maintained by the gas exchange or clearing house to be used for settlement of defaults of its Citationmembers as specified in the default remedy mechanism of gas exchange or clearing house and may comprise of any sources of funds as may be determined by the gas exchange or clearing house ;